Socio-economic Impact of Illicit Trade Smugglers switching over to low-risk, high-reward goods like cigarettes and fabric/silk yarn - FICCI report.

FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy) in association with the National Academy of Customs, Indirect Tax and Narcotics, (NACIN) organized a capacity building programme on the 'Socio-Economic Impact of Illicit Trade' on September 26 at NACIN, Faridabad. The objective was to sensitize officers of Indian Revenue Service on the ill effects of illicit trade.

Ms. Reena Arya, Additional Director General, NACIN, Chief Guest at the programme, stated that illicit trade was a global problem of enormous scale, impacting human lives and virtually every industry sector around the world. India was no exception, suffering significant economic and health & safety consequences as a result of widespread smuggling and counterfeiting in the country.